Whether the following expenditures should be treated as capital expenditure ?????
1- Cost of dismantling a building in case a new building is to be constructed on the land.
2- Legal expenses incurred to defend a suit related to title of patent. The suit has been lost.
Dear Nitin sir,
both are revenue expenditure... not capital expenditure...
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
